All Nippon Airways (ANA) finalizes acquisition of Nippon Cargo Airlines

ANA acquires NCA

Nippon Cargo Airways

Japan’s All Nippon Airways (ANA) is now the country’s largest combination passenger and cargo carrier after finalizing its acquisition of Nippon Cargo Airlines (NCA).

ANA said that the approval was obtained with relevant authorities and through a simplified share exchange with Nippon Yusen Kabushiki Kaisha, a publicly listed company in Japan and one of the world’s leading transportation companies. The acquisition was finalized on August 1, 2025.

The acquisition will integrate Nippon Cargo Airlines’ Japan-Europe and US routes with ANA Group’s international network, which will result in an expanded global cargo network.

ANA operates six Boeing 767 freighters and two Boeing 777 freighters, while NCA operates eight Boeing 747-8 freighters. ANA said that the combined cargo fleet will take ANA Group to the world’s 14th largest airline group based on cargo transport weight.

NCA’s expertise is in special commodities and mass transportation using large freighters. ANA said that along with its international network, the company will be able to improve its competitive services to meet customers’ cargo transport needs.

“The strategic integration of NCA’s freighter network and specialized cargo expertise with the ANA Group’s existing infrastructure will greatly improve our capability to serve our customers’ needs,” said Koji Shibata, President and CEO of ANA HD. 

“We are committed to leveraging this expanded capacity and combined knowledge to deliver exceptional value in our cargo transport solutions globally,” Shibata added.

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